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Topic: Internal Revenue Service

City of Clarksville announces Applications for 2015 Nonprofits Seeking City Funding due April 1st

 

City of Clarksville - Clarksville, TNClarksville, TN – Qualified nonprofit charitable or civic organizations in Clarksville have an opportunity to seek the City’s financial support on a limited basis.  Applications for these funds are due by noon on Wednesday, April 1st, 2015.

“Once again, the previous year has proven that our communities’ various charitable and civic organizations play a vital role in providing assistance through a variety of programs and projects.  I am happy that we are again able to offer some limited funding assistance for organizations that qualify,” said Clarksville Mayor Kim McMillan. «Read the rest of this article»

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Standard or Itemized: IRS says Choose the Deduction Method That’s Best for You

 

Internal Revenue Service - IRSWashington, D.C. – Most people claim the standard deduction when they file their federal tax return. But did you know that you may lower your taxes if you itemize your deductions? Find out if you can save by doing your taxes using both methods.

Usually, the bigger the deduction, the lower the tax you have to pay. You should file your tax return using the method that allows you to pay the least amount of tax.

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Tennessee Department of Commerce and Insurance says be wary of Tax Scams ahead of April 15th filing deadline

 

Tennessee Department of Commerce and Insurance - TDCINashville, TN - Tennessee Department of Commerce and Insurance (TDCI) Commissioner Julie Mix McPeak warns Tennessee residents to avoid falling prey to scammers and phony tax preparers ahead of the April 15th Tax Day deadline.

“Scammers and fraudulent tax preparers use the rush of tax season to prey on people by using fraudulent practices designed to steal money and personal information,” McPeak said. “Tennesseans should be vigilant in protecting their personal information during this time of the year by educating themselves before hiring someone to prepare their taxes.” «Read the rest of this article»

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Internal Revenue Service says Don’t Miss Out on IRS Free File

 

IRS - Internal Revenue ServiceWashington, D.C. – Internal Revenue Service (IRS) Free File is a fast, safe and free way to file your federal tax return.

Free File does the hard work for you with either brand-name tax software or online fillable forms.

Here are five tips that you should know about Free File.

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IRS gives Five Good Reasons why you should choose Direct Deposit

 

Internal Revenue Service - IRSWashington, D.C. – The best way to get your tax refund is by direct deposit.

You should deposit your refund directly into accounts in your own name, your spouse’s name or both. Don’t deposit it in accounts owned by others. Some banks require both spouses’ names on the account to deposit a tax refund from a joint return. Check with your bank for their direct deposit requirements.

Here are five good reasons to join the 84 million taxpayers who chose direct deposit last year. «Read the rest of this article»

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Taxable or Not – IRS tells you what you need to know about Income

 

Internal Revenue Service - IRSWashington, D.C. – All income is taxable unless the law excludes it.

Taxable income includes money you earn, like wages and tips. It also includes bartering, an exchange of property or services. The fair market value of property or services received is taxable.

The Internal Revenue Service gives you some basic rules you should know to help you file an accurate tax return.

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Montgomery County Sheriff’s Office reports Scammers pretending to be IRS

 

Montgomery County Sheriff's Office - MCSOMontgomery County, TN – The Montgomery County Sheriff’s Office has received reports that several citizens have been contacted by someone purporting to be with the Internal Revenue Service in an effort to defraud them.

Since we are currently in tax season, many more citizens may be contacted by someone saying that they are with the Internal Revenue Service.

Across the country, citizens have been called by scammers using common names and fake IRS badge numbers.

Scam Alert «Read the rest of this article»

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IRS lists Ten Facts that You should know about Capital Gains and Losses

 

IRS - Internal Revenue ServiceWashington, D.C. – When you sell a capital asset the sale results in a capital gain or loss.

A capital asset includes most property you own for personal use or own as an investment.

The Internal Revenue Service gives 10 facts that you should know about capital gains and losses. «Read the rest of this article»

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IRS gives Five Good Reasons Why You Should Choose Direct Deposit

 

Internal Revenue Service - IRSWashington, D.C. – The best way to get your tax refund is by direct deposit. Here are five good reasons to join the 84 million taxpayers who chose direct deposit last year.

You should deposit your refund directly into accounts in your own name, your spouse’s name or both. Don’t deposit it in accounts owned by others. Some banks require both spouses’ names on the account to deposit a tax refund from a joint return. Check with your bank for their direct deposit requirements.

«Read the rest of this article»

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IRS Identifies Five Easy Ways to Spot Suspicious Calls

 

Internal Revenue Service - IRSWashington, D.C. – The Internal Revenue Service issued a consumer alert today providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS.

These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They may know a lot about you, and they usually alter the caller ID to make it look like the IRS is calling. They use fake names and bogus IRS identification badge numbers. If you don’t answer, they often leave an “urgent” callback request.

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